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New SEC Cyber Incident Disclosure Rule – Helps Even Small Companies

You probably haven’t thought about this if you are privately owned. You might not even heard about it. Effective September 5th, publicly traded companies have four business days to disclose a material breach. That disclosure, on a form 8-K, will be publicly available on the SEC’s EDGAR public company reporting site. The same place they […]

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Insider Threat Problem is a Growing Issue

A US government worker has been arrested and charged with spying for Ethiopia. The problem is so bad that companies with government contracts have to create an insider threat program, provide annual training for all employees and designate an officer to be the Insider Threat Program Senior Official (ITPSO) – the person who will get […]

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Security News for the Week Ending September 22, 2023

Dallas Mavericks Owner and Crypto Guru lost $1M to Scam Dallas Mavericks owner Mark Cuban, who fancies himself a crypto guru just got a crypto wallet drained of about a million bucks. He says that he may have downloaded a fake version of a crypto wallet app. Oh, well, so now instead of being a […]

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Security News for the Week Ending September 15, 2023

Ex-NSA Director General Alexander’s Security Company (IronNet) Near Bankruptcy It just goes to show that just because you are famous and people invest $78 million in you, doesn’t mean you know how to run a business. How, exactly, do you blow almost $80 million and realize you are over the edge of the cliff before […]

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Two Major Hotel Chains Hit by Cyberattacks – Two Different Outcomes

Caesars Entertainment, which calls itself the U.S.’s largest casino chain, sort of says it paid a ransom to avoid the online leak of customer data stolen in a recent cyberattack. The attack compromised the chain’s loyalty database, which, according to them, includes driver’s license numbers and social security numbers of many customers. Caesar’s 8-K filed […]

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CxOs and Directors Growing Wary of Generative AI

73 percent of survey respondents (659 board members from companies with over 5,000 employees) fear a material cyberattack on their organization this year, up from 65 percent last year. 59 percent said that generative AI presents a high risk to their organizations because it can be used by hackers to create and deliver malware with […]

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